The Ex-Dividend Stock Date?

WHAT IS THE “EX-DIVIDEND” STOCK DATE?

By Staff Reporters

DEFINITION: Occurs when dividends are declared by a company’s board of directors, they are payable on a certain date (“payable date”) to shareholders recorded on the company’s books as of a stated earlier date (“record date”).

Purchasers of the stock on or after the record date are not entitled to receive the recently declared dividend, so the ex-dividend date is the number of days it takes to settle a trade before the record date (currently three business days). A stock’s price on its ex-dividend date appears in the newspaper with an X beside it.

CITE: https://www.r2library.com/Resource/Title/082610254

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